- Friday, 15 December 2017
- Weekly Fundamental Analysis
GBP/USD Weekly Forecast – 18 December – 22 December
Events that marked the week:
Tuesday's session was marked by UK CPI and PPI data. The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.8% in November 2017, unchanged from October 2017. The Consumer Prices Index (CPI) 12-month rate was 3.1% in November 2017, up from 3.0% in October 2017; it was last higher in March 2012. The largest upward contribution to change in both the CPIH and CPI rates came from air fares which fell between October and November but by less than a year ago. Rising prices for a range of recreational and cultural goods and services, most notably computer games, also had an upward effect. Falling prices in the miscellaneous goods and services category (covering products such as travel goods and financial services) provided the largest offsetting downward contribution.
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- Friday, 15 December 2017
- Weekly Fundamental Analysis
AUD/USD Weekly Forecast – 18 December – 22 December
Events that marked the week:
From Australia, on Tuesday, HPI and NAB Business Confidence figures will be released. The Residential Property Price Index (RPPI) for Sydney fell 1.4 per cent in the September quarter 2017 following positive growth over the last five quarters, according to figures released today by the Australian Bureau of Statistics (ABS). "The fall in Sydney property prices this quarter was consistent with market indicators," Chief Economist for the ABS, Bruce Hockman said. For the weighted average of the eight capital cities, the RPPI fell 0.2 per cent in the September quarter 2017. This was the first fall in the RPPI since the March quarter 2016. "Residential property prices have continued to moderate across most capital cities this quarter," Mr Hockman said. The total value of Australia's 10.0 million residential dwellings increased $14.8 billion to $6.8 trillion.
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- Friday, 01 December 2017
- News
USD - Major events in the week ahead
Events that marked the week:
On Monday New Home Sales figures were released. Sales of new single-family houses in October 2017 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.2 percent above the revised September rate of 645,000 and is 18.7 percent above the October 2016 estimate of 577,000. The median sales price of new houses sold in October 2017 was $312,800. The average sales price was $400,200. The seasonally-adjusted estimate of new houses for sale at the end of October was 282,000. This represents a supply of 4.9 months at the current sales rate. Read more...
- Friday, 01 December 2017
- Weekly Fundamental Analysis
EUR/USD Weekly Forecast – 04 December – 08 December
Events that marked the week:
From Eurozone, on Tuesday, M3 Money Supply data was released. The annual growth rate of the broad monetary aggregate M3 decreased to 5.0% in October 2017, from 5.2% in September, averaging 5.1% in the three months up to October. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate, including currency in circulation and overnight deposits (M1), decreased to 9.4% in October, from 9.8% in September. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) was less negative at -2.7% in October, from -3.2% in September. The annual growth rate of marketable instruments (M3-M2) decreased to -0.7% in October, from 1.0% in September.
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